How to Withdraw From eToro
Regardless of whether you are using an online broker for short-term trading or long-term investing, at some point, you will want to benefit from your successful trades and transactions. To do so, you must first withdraw funds from your user account at your brokerage.
It may not seem very complicated, but brokers differ significantly in what withdrawal options they offer (such as bank transfer or credit/debit cards), as well as in speed and convenience. Most brokers offer free withdrawals, but some brokers and funds transfer services may charge fees.
The eToro platform is one of the most popular online brokers. You can invest in a variety of assets through eToro's user-friendly exchange. In this guide, the Traders Union will provide you with successive steps on how to withdraw money from eToro.
eToro withdrawal methods, speed, and fees
eToro offers several withdrawal methods such as bank transfers, credit cards, and e-wallets. Transfer services like PayPal, Skrill, Neteller, etc., take up to 2 working days to complete the transfer of funds compared to bank transfer/wire transfer and credit/debit card withdrawals that usually take 3-8 business days.
The withdrawal fee charged by eToro is $5, no matter how much you withdraw or what transfer method you use.
| Transfer methods | Available | Speed | eToro fee |
|---|---|---|---|
Bank cards |
Yes |
3-8 working days |
$5 |
Wire transfer |
Yes |
3-8 working days |
$5 |
PayPal |
Yes |
1-2 working days |
$5 |
Skrill |
Yes |
1-2 working days |
$5 |
Neteller |
Yes |
1-2 working days |
$5 |
When withdrawing funds in a currency other than USD, you'll also have to pay a conversion fee. The conversion fee will vary based on your chosen currency.
It is important to note that certain withdrawal methods are given priority. If you withdraw money onto a credit card, this happens first, then PayPal, then bank transfers. eToro will request an alternative withdrawal method if your details have changed since you deposited the funds.
How to withdraw money from eToro
To withdraw funds from eToro, you must submit a withdrawal request. This can be done by following these five steps:
1. On the side menu of your eToro account, click Withdraw Funds.
eToro account
2. It will display your total and withdrawable funds in a pop-up window.
Total and withdrawable funds
3. Select your desired withdrawal amount (noting the $5 withdrawal fee) & click Submit
Select your desired withdrawal amount
4. Select a reason for withdrawal and click Continue
Select a reason for withdrawal
5. Select your withdrawal method and click Submit
Select your withdrawal method
Withdrawing funds from your eToro account is possible at any time up to the value of the remaining balance on your account. You don't have to keep any money in your account, so you can withdraw the entire balance if necessary.
What is the eToro minimum withdrawal amount?
The eToro minimum withdrawal amount per transaction is $30. There is no maximum withdrawal amount. Also, keep in mind that there is a $5 fee for each withdrawal, regardless of the amount
What are eToro withdrawal currencies?
The eToro platform operates in USD and you don't have to pay any fees or charges when you deposit or withdraw funds using USD on its platform. However, there are many other currencies that eToro supports for withdrawals, including EUR, GBP, AUD, RMB, THB, IDR, MYR, VND, PHP, SEK, DKK, NOK, PLN, and CZK. However, if you withdraw funds in a currency other than USD, eToro will charge a conversion fee. In addition to this, it also charges a conversion fee when you withdraw funds from your eToro investment account in any of these currencies.
It should be noted that eToro does not charge conversion fees for depositing or withdrawing funds from a currency that it does not support and that any conversion fee will be handled by your payment transfer provider, not by eToro.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
FAQ
Does eToro support withdrawals via PayPal?
Yes, eToro supports PayPal withdrawals. Withdrawals to PayPal usually take 1-2 working days.
Does eToro charge for withdrawals?
Yes, you will be charged a $5 fee for every withdrawal request you make. Conversion fees apply to withdrawals made in currencies other than USD.
How long does an eToro withdrawal take?
Funds are usually cleared within a few business days. Your withdrawal dashboard shows the status of your funds. It can take up to 7 business days for withdrawals to appear in your bank account for eToro users in the USA.
Can I withdraw cryptocurrencies from eToro?
It is possible to withdraw supported cryptocurrencies from the eToro trading platform to an external wallet using eToro Money, which is an iOS and Android app.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
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Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.